Market News
Changes in subsidies tied to production
The conditions of subsidies tied to production and greening are going to change next year, so that farmers will be able to comply with the rules more easily. For instance...
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European retail chains getting stronger
In Q3 2016 the sales revenue of European retail chains increased – according to a report by Moody’s Investors Service. Moody’s vice president Vincent Gusdorf told: the good performance is...
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The goal is to improve the situation of farmers
In order to improve the situation of farmers, Brussels should reform the policy framework of the supply chain, fight unfair trading practices and facilitate accessing financial resources – stressed the...
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Mohács abattoir nears completion
The test run of the new, HUF 20-billion Mohács abattoir – built by Market Építő Zrt. for MCS Vágóhíd – started in November. Production will commence in the first quarter...
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Procurement community was formed in the Tokaj wine region
The Council of the Tokaj Wine Region has launched the Tokaj Wine Region Procurement Community. The non-profit Ltd. owned by the council operates the procurement system that is available for...
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Strategic agreement between the Russian Ruszprodszojuz and the National Chamber of Agricultural Economics
The Russian food industry manufacturers and Distributors Association (Ruszprodszojuz) and the National Association of Agricultural Economics (NAK) signed a cooperation agreement which aims to develop and strenghten trade and investment...
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Cheap pre-financing can compensate the delay in payment tender
In a few weeks the European Union’s tenders will start. The remaining tenders of the 2014 to 2020 budget period should be published by the end of March. The Prime...
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Significant export opportunities for the Hungarian companies in Iran
Hungarian businesses can develop significant, all segment-wide business cooperations in Iran. The Hungarian National Trading House organized a Hungarian-Iranian Business Forum on 7 February 2017 in Budapest. The participanting domestic...
Read moreStudents reproduced a 5000 year old beer
The beer recipe was discovered by Stanford archaeologist Li Liu and a team of researchers on the inside portion of a piece of pottery found in a Chinese cave. The...
Read moreForty thousand packs of untaxed cigarettes were found in a van
Forty thousand packs of untaxed cigarettes were found in a van by the finance guards of the National Tax and Customs Office (NAV). The driver fled leaving the vehicle. According...
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Simpler taxation, longer procedures
The World Bank Group and PwC’s Paying Taxes 2017 report – which studies how simple tax payment is 190 countries of the world – reveals that from year to year,...
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EU-level voucher system
As of 1 January 2019 stricter and much more complicated rules will regulate the voucher system, because the European Union has adopted a directive aimed at harmonising and clarifying the...
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Increasing minimum wages
The government, employers and trade unions have reached an agreement on next year’s wages. In November Minister for National Economy Mihály Varga announced: next year minimum wages will grow by...
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Magazine: Hungary’s commercial real estate market keeps growing
After the decline caused by the economic recession of 2008, the Hungarian commercial real estate market was going through a recovery process in the last few years. Zoltán Szalóky, head...
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ÉFOSZ: the health status of the Hungarian population was not affected by the introduction of the public health product tax
According to the Food Industries National Association (ÉFOSZ), altough the consumption of products affected by the public health product tax (NETA) declined in recent years, the introduction of the tax...
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Inspectors mainly found labeling errors in case of frozen chips
The National Food Chain Safety Office (NÉBIH), found labeling errors in case of all the sixteen tested frozen french fries products. According to the communication of the National Food Chain...
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NGM Minister of State: earnings will also rise in the higher wage brackets
Earnings will also rise in the higher wage brackets due to the introduced tax cuts – Cseresnyés Péter, Minister of State for National Economy Ministry (NGM) told M1 news channel...
Read moreLast year, retail sales increased by 5.6 percent in the Czech Republic
Retail sales increased by 5.6 percent in the Czech Republic in 2016 on an annual basis – the Czech Statistical Office (CSU) announced on Monday in Prague. Statisticians said that...
Read moreFazekas: the establishment of joint-ventures may be an important part in the Russian-Hungarian agricultural cooperation in the future
The establishment of joint-ventures may be an important part in the Russian-Hungarian agricultural cooperation in the future – the Ministers of Agriculture of the two countries stated during talks in...
Read moreThe share of domestic foods continued to decline in the stores in Slovakia
The share of domestic foods continued to decline slightly last year in Slovakia – was revealed in the survey of the Slovak Agriculture and Food Chamber (SPPK). According to a...
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Export conference for Hungarian enterprises in neighbouring countries
In November the Hungarian National Trading House (MNKH) organised its first export-themed conference for Hungarian businesses located in neighbouring countries. The event took place in Csíkszereda (Miercurea Ciuc) in Romania...
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What will Donald Trump bring for the financial markets?
On 8 November 2016 Donald Trump won the presidential elections in the USA. At the moment it is rather uncertain what is going to happen in the financial markets. It...
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Details about the legalisation of wells
Many questions emerged in connection with the legalisation of wells dug illegally. Those concerned by this can find useful information on the NAK website....
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The Chinese market needs to be approached cautiously
It is very important to know that businesses that wish to enter the Chinese market need to be aware of how important the following things are in the country’s business...
Read moreAnalysts: retail sales growth slowed, but continues
The increase in retail sales slowed down, but continues, the decline in pace was probably only temporary – analysts commented on Friday published data of the Central Statistical Office (KSH)...
Read moreThe indication of the availability of consumer protection authority is not mandatory in the stores
The indication of the availability of consumer protection authority is still not mandatory in the stores, due to the lack of this, the authority shall not fine the traders, as...
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The Government will indemnify all the farmers due to the bird flu
The Government will indemnify the farmers for their losses, incurred due to the avian influenza; a total of more than 3 billion HUF is available for this purpose of which...
Read moreThe assessment of frost damages has started in agriculture
The assessment of frost damages has started in the orchards and fields – the leaders of the trade unions told MTI on Monday. Ledó Ferenc, chairman of the Hungarian Fruit...
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Hungary has not yet been informed of the proposed Russian banning of the poultry meat import
The Hungarian authorities have not yet received formal notification that Russia bans poultry imports from European countries hit by bird flu – the National Food Chain Safety Office (NÉBIH) told...
Read moreLázár: the country’s economic reserves are in Southern Great Plain
Due to its agricultural and food options, and due to its working force resrerves, Hungary’s economic reserves can be found in the South Plains region – the Minister leading the...
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